At the time of writing, Mesa Air Group Inc. [MESA] stock is trading at $0.95, up 5.83%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MESA shares have gain 1.98% over the last week, with a monthly amount glided 3.77%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 23, February 2024, Mesa Air Group Discloses Notice from Nasdaq. In a post published today on Yahoo Finance, Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced that it received a notice (“Notice”) on February 21, 2024 from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) because the Company failed to timely file its Quarterly Report on Form 10-Q for the period ended December 31, 2023 (the “Form 10-Q”) with the Securities and Exchange Commission. The filing delay is not the result of a forthcoming restatement of the Company’s financial statements or any disagreement with the Company’s auditors.
From an analyst’s perspective:
Mesa Air Group Inc. [NASDAQ: MESA] stock has seen the most recent analyst activity on February 04, 2022, when Raymond James downgraded its rating to a Mkt Perform. Previously, BofA Securities downgraded its rating to Neutral on January 07, 2022, and dropped its price target to $8. On December 10, 2021, downgrade downgraded it’s rating to Hold and revised its price target to $7 on the stock. Deutsche Bank upgraded its rating to a Buy but stick to its price target of $15 on May 11, 2021. Deutsche Bank downgraded its rating to a Hold but $15 remained the price target by the analyst firm on March 04, 2021. BofA Securities upgraded its rating to Buy for this stock on February 17, 2021, and upped its price target to $15. In a note dated February 10, 2021, Deutsche Bank upgraded an Buy rating on this stock but restated the target price of $10.
For the past year, the stock price of Mesa Air Group Inc. fluctuated between $0.40 and $3.82. Mesa Air Group Inc. [NASDAQ: MESA] shares were valued at $0.95 at the most recent close of the market.
Analyzing the MESA fundamentals
According to Mesa Air Group Inc. [NASDAQ:MESA], the company’s sales were 498.06M for trailing twelve months, which represents an -8.97% plunge. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.26%, and Net Profit Margin reading is -0.24%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.48 and Total Capital is -0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.7.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.9039 points at the first support level, and at 0.8619 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9739, and for the 2nd resistance point, it is at 1.0019.
Mesa Air Group Inc. [MESA] reported earnings per share of -$0.67 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.32/share, meaning a difference of -$0.35 and a surprise factor of -109.40%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were -$0.53 per share as compared to estimates of -$0.27 per share, a difference of -$0.26 representing a surprise of -96.30%.
Ratios To Look Out For
It is important to note that Mesa Air Group Inc. [NASDAQ:MESA] has a current ratio of 0.52. As well, the Quick Ratio is 0.41, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.08, the price to book ratio is 0.19.
